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💰 Loans, Scholarships & Aid

How Indian students fund foreign degrees — public banks, education NBFCs, international no-collateral lenders, and the scholarships worth applying to.

Public Sector Banks

Generally the lowest interest rates; secured loans against property/FD get the best terms. Rates and limits change — always check current schemes.

Public bank · Collateral

SBI Global Ed-Vantage

India's largest bank; high loan limits for select foreign universities, typically against collateral, with moratorium during study.

Public bank

Bank of Baroda

Dedicated overseas education loan schemes with concessions for premier institution lists.

Public bank

Union Bank of India

Education loans for abroad studies including special schemes for top-ranked universities.

Public bank

Punjab National Bank (PNB Udaan)

Overseas education loan covering tuition, travel and living expenses.

Education Loan NBFCs

NBFC · Popular

HDFC Credila

One of India's biggest dedicated education-loan NBFCs; both secured and unsecured options.

NBFC

Avanse Financial Services

Education-focused lender covering tuition plus living costs; fast processing.

NBFC

Auxilo

Education loan specialist with flexible collateral-free options for strong profiles.

NBFC

InCred

Unsecured education loans for select universities and courses, quick digital process.

International No-Collateral Lenders

No collateral · No co-signer

Prodigy Finance

Lends to Indian students admitted to selected global master's programmes based on future earning potential — no Indian collateral or co-signer.

US & Canada

MPOWER Financing

No-cosigner, no-collateral loans for international students at supported universities in the USA and Canada.

Major Scholarships for Indian Students

USA

Fulbright-Nehru Fellowships

Prestigious fully/partially funded fellowships for Indians pursuing master's and research in the United States.

UK

Chevening Scholarships

UK government's fully funded one-year master's scholarship for future leaders.

UK

Commonwealth Scholarships

For students from Commonwealth countries including India — master's and PhD in the UK.

Germany

DAAD Scholarships

The German Academic Exchange Service funds master's and research stays across German universities.

Europe

Erasmus Mundus

EU-funded joint master's degrees taught across multiple European countries with generous stipends.

USA/UK/EU

Inlaks Shivdasani Scholarships

Well-known Indian foundation funding top-tier international master's admits.

Loan scholarship

JN Tata Endowment

Tata trust loan-scholarships for Indians pursuing higher studies abroad — a respected credential in itself.

Interest-free loan

KC Mahindra Scholarships

Interest-free loan scholarships from the KC Mahindra Education Trust for postgraduate study abroad.

Loan Documents Checklist

Admission letter

Unconditional offer / I-20 / CAS from the university.

KYC of student + co-applicant

PAN, Aadhaar, passport, address proof.

Income proof

Co-applicant salary slips / ITRs for the last 2–3 years.

Academic records

10th, 12th, degree marksheets and test scores.

Collateral papers

Property documents and valuation, if taking a secured loan.

Cost sheet

University fee schedule + living cost estimate for margin calculation.

⚠️ Disclaimer: This page is for general information only and is not financial, legal or admission advice. eGurugram is not affiliated with any lender, university or consultant listed, and receives no commission. Interest rates, margins, tax benefits (like Section 80E), visa rules and scholarship criteria change with policy — always confirm with the official source before making decisions.
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